The influence of open innovation practices on business performance in Mexican family and non-family SMEs

Marisela-Yazmín García-Vidales,Gonzalo Maldonado-Guzmán

doi:10.18046/j.estger.2019.153.3202

Marisela-Yazmín García-Vidales, Gonzalo Maldonado-Guzmán

Open Access

https://doi.org/10.18046/j.estger.2019.153.3202

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Journal: Estudios Gerenciales	Publication Date: Nov 8, 2019
Citations: 3	License type: CC BY 4.0

Affiliation: Autonomous University of Aguascalientes

Abstract

Open innovation has emerged as a topic of great importance due to the recognized benefits that it brings to the company's business performance; however, it has been sparsely addressed in SMEs from developing countries. Therefore, this study aims to analyze and discuss the relationship between open innovation and business performance in family and non-family SMEs in Mexico. A survey-based study was carried out on a sample of 308 firms. Following this, the data was analyzed through a structural equation model. The results show that for these companies, the outflow and especially the inflow of external knowledge exert a positive influence on business performance.

Highlights

The concept of traditional innovation involves attributes, results and processes, and can be seen as an enhancer of the company’s progress (Morris, 2009)
H1: the outbound practices exerted in the firms have a positive influence in the business performance
H2: the inbound practices exerted in the firms have a positive influence in the business performance

Summary

Introduction

The concept of traditional innovation involves attributes, results and processes, and can be seen as an enhancer of the company’s progress (Morris, 2009). Innovation provides new ideas, products, strategies, and practices which create competitive advantages. The evolution from closed traditional innovation towards a more open concept involves the use of ideas coming from the exterior of the organization alongside those from the interior, (Chesbrough, 2003). This transformation allows companies to use information exclusively created from the inside, and to incorporate external viewpoints to obtain more benefits. Open innovation is seen as a new scenario where companies must leave their comfort zones and open themselves up to external professionals combining internal and external knowledge

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Conclusion